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    Property profile & analytics

    31 Inverness Ctr Pkwy, Unit 31 Hoover, AL 35242-4816

    • Office buildings
    • 99,060 SF
    • 6.64 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-1109948
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 31 Inverness Ctr Pkwy

    Year built
    1980
    Lot size
    6.64 lot acres
    Property size
    99,060 SF
    Property type
    Office buildings
    APN
    27360001029002
    APU
    27360001029002

    Description

    This exceptional office property, located at 31 Inverness in Shelby County, offers a tranquil, park-like setting while maintaining convenient proximity to Birmingham's vibrant retail hub. The building boasts a total of 99,060 square feet, with 15,872 square feet currently available for lease. Six individual spaces are immediately available, ranging in size from 1,331 to 5,934 square feet, providing flexibility for businesses of various scales. The property features on-site property management for seamless operations and offers the significant advantage of no occupational taxes. Enhance employee well-being and productivity with access to the Inverness Greenway walking trail, directly connected to the building. Security is paramount, with 24-hour key card access ensuring peace of mind. Enjoy the convenience of on-site conference facilities, perfect for meetings and presentations. Modern amenities include high-speed fiber optics for reliable connectivity and attractive outdoor spaces. This is a unique opportunity to secure high-quality office space in a desirable location with a comprehensive suite of features. The multiple tenancy structure allows for diverse business needs, creating a vibrant and collaborative environment. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7082
    Latitude
    33.4207
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $139,375
    $0.00
    $0.00
    $2,078,900
    -
    $1,787,490
    $8,607,000
    $10,394,490

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    Hoover, AL 35242-4816
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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